It’s been a while since the last time I traded the USDJPY, it was complicated because it was trading around “intervention” levels. But now, it’s way above those levels, and even if the BOJ intervenes, it’ll be in our direction.

So I’m definitely going to look for long opportunities. This is what I see on the short term charts:

Clear enough don’t you think?

Are you trading the USDJPY?

Good trading!

Raul Lopez
Forex Training